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28th September 2009
A statutory demand is a written notice demanding payment of a debt owed by a company or an individual to a creditor. If a statutory demand has been issued, this indicates that the creditor intends to present a winding up petition to the business if the de... Read >
Author: Derek Cooper23rd September 2009
Recent changes in U.S. law made declaring Bankruptcy a much more complicated matter. Chapter 7 is the most common form of bankruptcy requested by debtors and does not require repayment. However, the U.S. Trustee has become much more aggressive in denying ... Read >
Author: cisinprachi18th September 2009
Even though our website works with lawyers that offer bankruptcy as an option to keep from losing your home to foreclosure, we rarely consider it as the best choice when keeping the property. There are many options to avoid foreclosure and bankruptcy is u... Read >
Author: Nick Adama17th September 2009
“The purpose of an exemption is to protect a debtor and his family against absolute want by allowing them, out of his property, some reasonable means of support and education and the maintenance of the decencies and proprieties of life.”
Poznanovic ... Read >
Author: Dustin Bower16th September 2009
If you have serious debt problems you may be considering bankruptcy. It is important to understand what bankruptcy is and whether it is the right option for you.
What is bankruptcy? Bankruptcy is a temporary legal status. When bankrupt, your non-essent... Read >
Author: michael challiner03rd September 2009
If you already know that there are seven different ways of filing for bankruptcy, then you're probably either a bankruptcy attorney, or you once went bankrupt, because very few Americans know that there are so many ways, and even if they do know, they mos... Read >
Author: Michael Redbourn23rd August 2009
There are many solutions available in the UK for people struggling with debt. One such option is an Individual Voluntary Arrangement (IVA) and recent figures suggest that IVAs are now more commonplace than bankruptcies in the UK.
What is an IVA?
KI... Read >
Author: Robert Palmer23rd August 2009
A formal document that is submitted to the court by a debtor or creditor is a bankruptcy petition. It contains details of the amount of debt owed, the conditions which led to default of payments and the motive behind seeking a bankruptcy order. People fin... Read >
Author: Mercy23rd August 2009
Bankruptcy laws are designed to protect individuals who are no longer able to repay their debts. It is important to educate yourself on the various bankruptcy laws. This can be helpful especially if you are going through a financial crisis and are conside... Read >
Author: Mercy23rd August 2009
While there are a lot of ads for bankruptcy protection, few people genuinely recognize what takes place or what their rights are. There are a lot of TV commercials and billboard ads that show that you can merely walk away from your debts and from your wor... Read >
Author: Jon Arnold18th August 2009
Bankruptcy can be a traumatic and distressing experience. The stigma that people feel when declaring themselves bankrupt can have a profound effect on their lives although the process of declaring bankruptcy can be much less difficult and stressful than ... Read >
Author: Robert Palmer12th August 2009
With so many people facing foreclosure and insurmountable debt, bankruptcy filings are rising. Bankruptcy is often the last resort for many people in debt. Many people find themselves in this situation due to excessive medical bills, loss of employment, o... Read >
Author: Daniel Berry11th August 2009
If you are in the process of having to file bankruptcy, and you are unsure of what you should do with your bankruptcy forms, then you should think about going to a bankruptcy attorney for advice. You will be able to get the forms needed, as well as help i... Read >
Author: smithsbryan08th August 2009
When you file for bankruptcy one of the things you should access is what you get to keep. Filing for bankruptcy allows you to keep some assets, so these things are exempt from being claimed. There are some exemptions under federal law, while others are un... Read >
Author: Mercy08th August 2009
It seems as if many people are seeking bankruptcy advice nowadays, and with the state of today's economy, that should not be a startling fact. But if your fiscal situation is in such a state that you are seeking bankruptcy information, have you also cons... Read >
Author: Jon Arnold07th August 2009
Bankruptcy can be a traumatic and distressing experience. The stigma that people feel when declaring themselves bankrupt can have a profound effect on their lives although the process of declaring bankruptcy can be much less difficult and stressful than ... Read >
Author: Moe Nawaz05th August 2009
If you're thinking about filing for chapter 7 bankruptcy, you're probably wondering what is involved in the process. Filing bankruptcy can be a bit overwhelming, especially since you're probably still dealing with the stress of being harassed by creditors... Read >
Author: Jay Fleischman02nd August 2009
Loans for debt consolidation is one of the ways of getting done with liabilities and creditors. Many will agree that, having liabilities is one of the reasons as to why many people spend sleepless nights trying to figure out how to solve their financial c... Read >
Author: Peter Gitundu02nd August 2009
There are various ways of coming out of debt, including talking to the creditors to have the repayment period extended. When this is not possible, some people find themselves filing a bankruptcy petition. This might not be the best way to go, especially i... Read >
Author: Peter Gitundu27th July 2009
Chapter 11 bankruptcy lawyer is highly demanded recently by many people. Mainly, the reason is because many business owners don’t well versed about the business laws of bankruptcy. In filing a petition declaring bankruptcy, you must provide disclosure s... Read >
Author: MarcTow01st July 2009
Whenever you visit a foreign land, it's always a good idea to have some knowledge of the language spoken by the natives. You may not actually be traveling overseas, but you'll probably feel like that at times when you enter a legal proceeding like declar... Read >
Author: Cecilia Rodriguez30th June 2009
In any financial or legal proceeding, there are often little pitfalls that you have to watch out for. One common mistake that consumers make is purchasing something on credit just before they declare personal bankruptcy. This is certainly something you ... Read >
Author: Cecilia Rodriguez18th June 2009
Bankruptcy is a lengthy insolvency procedure; you should always seek information about alternatives and ensure that these options have been fully explored.
If you are looking to discover how to declare bankruptcy, it is essential that you get bankruptc... Read >
Author: oneadvice12th June 2009
Ritz Camera Bankruptcy
Ritz Camera Centers Inc, which said it is the largest U.S. specialty camera and imaging chain, on Monday, February 23rd of 2009 filed for Chapter 11 bankruptcy protection, hurt by the recession and consumers' shift to digital p... Read >
Author: John Chase12th June 2009
If you are a businessperson or an individual who has to clear off the debt that you have taken from various investors or creditors then a condition may arise where you are unable to pay off your debts. This condition is known as bankruptcy. In the British... Read >
Author: sturat12th June 2009
Bankruptcy is a condition that everybody wants to avoid. But sometimes due to poor financial management and sometimes due to the external factors which can not be controlled by the person people find themselves to be in a condition where they have to thin... Read >
Author: sturat12th June 2009
Bankruptcy is a condition that nobody likes to be in but sometimes one cannot control the various conditions like fuel price hikes, inflation etc. that lead to the bankruptcy. Then one can either go for filing the bankruptcy petition or opting for the Ind... Read >
Author: sturat12th June 2009
If you are a businessperson or an individual who has to clear off the debt that you have taken from various investors or creditors then a condition may arise where you are unable to pay off your debts. This condition is known as bankruptcy. In the British... Read >
Author: sturat12th June 2009
Bankruptcy is a condition that nobody likes to be in but sometimes one cannot control the various conditions like fuel price hikes, inflation etc. that lead to the bankruptcy. Then one can either go for filing the bankruptcy petition or opting for the Ind... Read >
Author: sturat12th June 2009
Bankruptcy is a condition that everybody wants to avoid. But sometimes due to poor financial management and sometimes due to the external factors which can not be controlled by the person people find themselves to be in a condition where they have to thin... Read >
Author: sturat10th June 2009
Declaring bankruptcy may be one of the best ways in which you tackle insolvency. Though it is not a very complicated procedure, you could benefit a lot from competent and professional expertise you get. Come to clearinsolvency.co for all the bankruptcy as... Read >
Author: ClearInsolvency05th June 2009
If you are faced with a situation where your debts become insurmountable, you might benefit from initiating bankruptcy proceedings. At clearinsolvency.co.uk, we provide you with professional guidance and bankruptcy assistance that will help you tide over ... Read >
Author: ClearInsolvency03rd June 2009
Whether or not to reaffirm a secured debt, under §521(2)(A) of the Bankruptcy Code, used to be a no-brainer. Because the act of reaffirmation did far more for the creditor than it did for the debtor, the advice most commonly – and properly – given b... Read >
Author: David Romito01st June 2009
Parents with low incomes should not worry about getting a higher education for their children. They could apply for student loans, which will enable their children go through institutions of higher education. The financial aid got could either be subsidiz... Read >
Author: Peter Gitundu19th May 2009
There are mainly two reasons why people opt to go to court to file a financial bankruptcy petition. Some find themselves doing this out of the poor spending habits that they have been developed over the years. While for others, bad luck just catches up wi... Read >
Author: Peter Gitundu19th May 2009
Today there are almost a million people going to court to file a financial distress petition. Though many people believe that this happens to people with irresponsible spending habits, there are other reasons that are beyond an individual control, that ma... Read >
Author: Peter Gitundu19th May 2009
There are so many reasons why people go to court to file a bankruptcy petition. Soaring medical bills and recession in the economy could be some of the reasons that many people opt for filing a petition. The most important thing is to have the protection ... Read >
Author: Peter Gitundu19th May 2009
Bankruptcy and divorce can be quite traumatizing, especially so if they are done at the same time or consecutively. Anyone who is going through a divorce in most cases is in financial distress. It is important for anyone going through this major separatio... Read >
Author: Peter Gitundu19th May 2009
There are many reasons why people find themselves going to court to file a personal bankruptcy petition. Some of these reasons are due to irresponsible spending habits on the part of the debtor while others are out of his control. However, there are sever... Read >
Author: Peter Gitundu19th May 2009
There are many reasons as to why people find themselves going to court to file a bankruptcy petitions. Though many people tend to think that those who find themselves in such a situation are failures, the truth is that there are many reasons as to why peo... Read >
Author: Peter Gitundu19th May 2009
Bankruptcy normally implies a new start for people who are going through financial distress. Though many believe that this financial state is for people who are irresponsible with their spending habits, this is just a misconception, since there are people... Read >
Author: Peter Gitundu19th May 2009
Financial distress is a situation in which an individual is not in a position to pay their debts. It offers many people a new chance to start all over again after having paid their creditors. This move will destroy the debtors credit worth and in most cas... Read >
Author: Peter Gitundu19th May 2009
Personal bankruptcy can be filed due to many reasons, among them medical bills and mortgages. The filing can be done voluntarily or involuntarily. Whichever way it is done, it is important that some of the debtors questions are answered. Some people go in... Read >
Author: Peter Gitundu19th May 2009
There are over a million people facing bankruptcy all over the world. There are many reasons that force people to be financially distressed. Some of these reasons could be out of the control of the debtor, though others are due to irresponsible spending h... Read >
Author: Peter Gitundu18th May 2009
During financial distress, it becomes hard for people to pay their debts at an agreed upon date. This is the time to file a bankruptcy petition. In most cases, there are two chapters under which a person who is bankrupt can file a petition. These are chap... Read >
Author: Peter Gitundu18th May 2009
More and more people are today filling for bankruptcy today. There are many causes of these among them mortgages and loans. When some discover that they cannot pay their debts, most tend to panic and wallow in despair. This needs not be the case as there ... Read >
Author: Peter Gitundu15th May 2009
Not being in a position to pay debts is not only humiliating but also embarrassing. The debtor lives in fear of what the future will be like. Others worry that the people surrounding them will get to know about it. This may be seem as a public issue but i... Read >
Author: Peter Gitundu15th May 2009
When an individual is no longer in a position to pay debts and a repayment plan has failed to work, they may be forced to file a bankruptcy petition which allows the court to protect the debtor from the creditors harassment. Before the debtor can file, th... Read >
Author: Peter Gitundu15th May 2009
Once a debtor has decided that he wants to file a bankruptcy petition, he will be required to present the court with various statements that will enable them to determine under which chapter the debtor should file. The debtor is also expected to present a... Read >
Author: Peter Gitundu15th May 2009
An individual who is not in a position to pay off debts could choose to file a personal bankruptcy petition either under chapter 7 or 13. He must also present the court with a list of all the creditors, all the assets on his name and most important, recen... Read >
Author: Peter Gitundu15th May 2009
During financial distress, it becomes hard for people to pay their debts. This is the time that one should file a bankruptcy petition. In most cases, there are two chapters under which a person who is facing insolvency can file a petition. These are chapt... Read >
Author: Peter Gitundu15th May 2009
People faced with bankruptcy feel as though it is the end of their lives. Not many know that they can continue with their normal lives despite the circumstances. There are mainly two chapters that individuals can file for a bankruptcy petition, chapter 7 ... Read >
Author: Peter Gitundu14th May 2009
If you are considering filing for bankruptcy, but you own an incorporated business, you’re probably wondering if your personal bankruptcy will mean small business bankruptcy as well. Especially if the business is a viable revenue source, you want it to ... Read >
Author: Jay Fleischman07th May 2009
Chapter 11 bankruptcy law is also known as the reorganization code applicable to partnerships and corporations. It allows for businesses to make a plan on how to pay off their debts without having to sell their property. This comes as an opportunity for b... Read >
Author: Peter Gitundu07th May 2009
Once a municipal has filed a bankruptcy petition in court, the court can choose to dismiss the filed petition. This may be due to the discovery that the petition has not being authorized by the state or it is not out of good faith. As such the court may f... Read >
Author: Peter Gitundu07th May 2009
Bankruptcy chapter 13 is also referred to as the wage earner plan, because it gives debtors with a sustainable income a chance to pay their debts without having to sell off their property. This provision is normally over a period of three to five years. I... Read >
Author: Peter Gitundu07th May 2009
At its most basic level, Chapter 7 bankruptcy is a means of filing for legal protection from creditors. Some assets, such as a car that you own outright, are exempt from being taken; other assets may be taken by a trustee and liquidated to offset your unp... Read >
Author: Jay Fleischman07th May 2009
If you file a Chapter 7 bankruptcy in New York, you might be wondering how it will affect your tax refund. There are several factors that determine whether you can keep your refund, or whether you will lose it under the Chapter 7 filing:
1) If you're ... Read >
Author: Jay Fleischman07th May 2009
Filing for bankruptcy is not an easy task. It involves a lot of commitment and legal proceedings must strictly be adhered to. There are a number of laws relating to bankruptcy. It should be in your own interest to understand them since you never know when... Read >
Author: Peter Gitundu07th May 2009
Bankruptcy is a legally declared state in which an organization or an individual is unable to meet the financial obligation towards creditors. Various countries have rules and regulations addressing this situation. In most cases, the creditors have laws a... Read >
Author: Peter Gitundu16th April 2009
In the UK bad credit is a rampant problem, with researchers estimating that one fourth of the folks who apply for refinancing on first time mortgages are turned down or pay higher interest rates because of bad credit.
Nowadays, however, there are more... Read >
Author: Christopher09th April 2009
Bankruptcy is not a new thing for the most of us. We hear a lot of companies going bankrupt from the news. We also commonly hear that people we know are filing for bankruptcy. However, did it ever occur to you that you could also be a victim of bankruptcy... Read >
Author: domaingamer21st January 2009
When you file a Chapter 7 bankruptcy petition, the means test is applied to make sure that you really need to file bankruptcy and that you aren’t “abusing” the system. That might sound confusing, but it’s in most cases a simple test, and the major... Read >
Author: David Romito06th December 2008
Bankruptcy is a legally declared inability or impairment of ability of an individual or organizations to pay their creditors. Creditors may file a bankruptcy petition against a debtor in an effort to recoup a portion of what they are owed. In the majority... Read >
Author: James Kertley18th November 2008
It’s quite an awkward situation to deal with when one finds oneself overburdened by debts. A person feels miserable; and the too nervous guys turn to think that this is the end of their life. Such persons need a lot of patience and use their brain in fi... Read >
Author: Robert Stark31st October 2008
If you have reached a point in your life where your debt has piled up and you are considering filing bankruptcy, then odds are that life hasn’t been too pleasant for you lately. One of the worst issues you will have at this time is the harassment by cre... Read >
Author: DebP31st October 2008
Bankruptcy advice varies, depending on who you ask. A credit card debt reduction company might say that it's better to just stick it out, settle your debts and establish a monthly payment schedule, even if it takes you five years to finish it!
Needles... Read >
Author: MIKE SELVON20th October 2008
What is bankruptcy?
Bankruptcy is a lawfully declared inability or impairment of ability of an individual or organizations to pay their creditors.
How do creditors react?
Creditors may as a result, file a bankruptcy plead against a debtor in an e... Read >
Author: Poly Muthumbi30th September 2008
What is bankruptcy?
Bankruptcy is one way of dealing with debts you cannot pay. The bankruptcy proceedings
It can free you from overwhelming debts so you can make a fresh start, subject to some
restrictions and make sure your assets are shared out fa... Read >
Author: SEO Positive05th September 2008
There was a time when most of the people would not encounter anything to do with legal services in their whole lifetime. But in today’s complex lifestyle there is hardly anyone who has not needed some bit of legal advice. An experienced attorney/lawyer ... Read >
Author: Liviakislaw27th August 2008
Bankruptcy is a serious issue. In general bankruptcy is a legal action taken against the borrower who fails to repay the loan amount to his creditors. In this case the creditors have the authority to file a bankruptcy petition against the person. As we kn... Read >
Author: Silviu Marian29th July 2008
Copyright (c) 2008 Brian Cuban
The "Real Deal" is broke.
Former Heavyweight champion Evander Holyfield is playing the real life game of Deal Or No Deal. It has been reported that his $10 million estate in suburban Atlanta is under foreclosure, the m... Read >
25th July 2008
An Individual voluntary arrangement, or IVA, allows a borrower to avoid extreme situations like bankruptcy by coming to an agreement with lenders to pay off a percentage of his or her debts over a given period. There are no hard and fast rules for such ag... Read >
Author: Aisha Cristal16th July 2008
If you're like thousands of other Arizonans, you're in danger of losing your home to a bank foreclosure. Fortunately, many are discovering the solution in what may seem the unlikeliest of places – bankruptcy. Losing everything you own is just one of man... Read >
Author: kirkguinn18th June 2008
It has been stated that in recent times bankruptcy cases have massively increased and they are on an upward trend. Sadly it is an option that has to be considered when an individual cannot repay debts. Bankruptcy is a legally declared inability or impairm... Read >
Author: Helen18th June 2008
Personal Bankruptcy occurs when an individual can no longer manage their debts; however if you are in financial difficulty it is important that you don’t file for bankruptcy straight away. Personal bankruptcy is a serious matter and it is important that... Read >
Author: Helen20th May 2008
I don't know a thing about you, but I bet you may not know what debt consolidation is. Well if you have no idea what debt consolidation is and you think you want to know more about it, you should read this article.
This article is a quick explanation i... Read >
Author: Joseph04th April 2008
Bankruptcy means an official declaration of economic failure or mutilation of ability of a person or company to pay their creditors. A bankruptcy petition may be filed against a debtor. Sometimes creditors file this kind of "involuntary bankruptcy" petiti... Read >
Author: cash loan20th February 2008
Now that the new bankruptcy laws have been in effect for over two years, you may be wondering how you will be affected if you need to file bankruptcy and what your options are for completing the forms yourself. The Bankruptcy Abuse Prevention and Consumer... Read >
Author: icequeenriona16th January 2008
What is Bankruptcy?
Bankruptcy is one of the more effective ways to deal with debts you cannot afford to pay. Once you declare that you are bankrupt, all assests in your possession will be used to pay your outstanding debts. After a period of one year,... Read >
Author: Steven Hayes14th November 2007
When an individual consumer, not a business or corporation, is looking to file for bankruptcy, it is almost always most appropriate for them to either file under Chapter 7 bankruptcy law or Chapter 13 bankruptcy law. The majority of consumer bankruptcies... Read >
Author: Jon Arnold14th November 2007
Is there a bright side to bankruptcy? Yes there is, although bankruptcy should still be considered your option of last resort, and the bankruptcy option only employed after you have thoroughly investigated all other options and alternatives. There are man... Read >
Author: Jon Arnold14th November 2007
Even with the new bankruptcy laws, filing for bankruptcy can provide some advantages, if done correctly in the right situations. Bankruptcy has historically been viewed as a financial mechanism where one can wipe the slate clean and start over, based on m... Read >
Author: Jon Arnold06th August 2007
Chapter 7 bankruptcy is a fresh start bankruptcy. A person lists all of his debts in a bankruptcy petition which is filed with the U.S. Bankruptcy Clerk. A typical Chapter 7 debtor receives a fresh start in that many of the debts in a Chapter 7 bankrupt... Read >
Author: David Siegel25th June 2007
Kelly Liyakasa is a staff writer for 6StarReviews.com. Kelly Staller is site manager at 6StarReviews.com, a site dedicated to giving YOU, the consumer, the best product and service reviews around. If you like saving time and money by having someone else r... Read >
Author: StarReviews15th June 2007
Unlike the modern day US views on bankruptcy, the Brits look upon bankruptcy as an extremely
humiliating and unfair non-solution to indebtedness. There is a stigma attached to all forms of
bankruptcy in the UK that really never goes away from some... Read >
Author: Victor Smithston24th April 2007
When your business begins to experience serious business debt problems and the overall debt is accumulating far faster than the business assets, you may want to consider the protection afforded by filing for bankruptcy. The United States bankruptcy statu... Read >
Author: Debbie White24th April 2007
The individuals who seek to start small businesses are independent souls who often are very creative and have a great idea. They want to share their vision and put their ideas and individuality across in the form of the venture they choose. They have a v... Read >
Author: Debbie White30th March 2007
Recently, I received an email asking about filing a chapter 7 bankruptcy The writer asks:
"Do I choose which debts I want to include in my bankruptcy or does the trustee do this? I have a bank loan for my truck which I pay on time and I want to keep m... Read >
Author: Terrance Leeders28th March 2007
If you have good credit record, borrowing money should not be a problem. Many professional lenders provide personal loans to the borrowers and, in turn, charge a very competitive rate of interest.
Lenders are not concerned with the purpose for which y... Read >
Author: ALICE27th March 2007
They say the definition of insanity is doing the same thing over and over again, expecting a different result. It�s hard to believe, but subprime lender New Century which is experiencing potential bankruptcy type problems from its subprime lending portf... Read >
Author: Richard Stoyeck29th January 2007
Training for attorneys, paralegals and virtual assistants working under the direction of attorneys in debtor bankruptcy law.
The other day, an interesting question came into the 713Training.Com office from a paralegal working on a Chapter 7 bankruptcy... Read >
Author: Victoria Ring16th December 2006
There are TWO things you should find out from the attorney (or ask the debtor in the client intake interview) before you start drafting a bankruptcy petition. These two questions are:
1. Have you completed the credit counseling requirement?
2. Have... Read >
Author: Victoria Ring13th December 2006
A virtual bankruptcy assistant works from their home office for bankruptcy attorneys nationwide.
What types of jobs do virtual bankruptcy assistants perform for bankruptcy attorneys?
** Drafting of Chapter 7 and Chapter 13 bankruptcy petitions.
J... Read >
Author: Victoria Ring16th November 2006
713Training.Com develops first nationally-recognized bankruptcy training materials
More info: http://www.713training.com
Columbus, Ohio based company, 713Training.Com has recently introduced the first nationally-recognized training materials for bankr... Read >
Author: Victoria Ring08th September 2006
Due to the dramatic increase in technology, business professionals now have the ability to outsource their skills and earn extra money working from home as a bankruptcy forms processor. Unlike an attorney or notary public, a bankruptcy forms processor doe... Read >
Author: Victoria Ring08th September 2006
Due to the dramatic increase in technology, paralegals now have the ability to outsource their skills and earn extra money working from home as a bankruptcy forms processor. Unlike an attorney or notary public, a bankruptcy forms processor does not have j... Read >
Author: Victoria Ring08th September 2006
Updated to comply with new BAPCAP (advanced training for bankruptcy paralegals)
The following article is for training purposes only. It is not intended for legal advice.
Regardless of whether an entire petition or a skeleton petition is filed, the... Read >
Author: Victoria Ring31st August 2006
1. The "new" bankruptcy law that went into affect in October, 2005 isn't very much more restrictive than the "old" law.
The law revision got a lot of press that made it sound like it would be much more difficultperhaps impossibleto file for bankrupt... Read >
Author: Tiffany Sanders20th February 2006
Thinking about filing for bankruptcy? There are
significant upfront costs. The purpose of this
article is to give you a general idea of what to
expect.
Your minimum cost will be around $350 if you
prepare your own forms that you download
for fre... Read >
Author: Deborah Beeksma17th January 2006
Bankruptcy is a way to free you from significant debt after all other reasonable options have been exhausted. You can choose to present the bankruptcy petition yourself or it can be presented by a creditor that is owed at least 750 in unsecured debt. You... Read >
Author: Wildfire Marketing Group Content Development Team
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